Business
May 2020 Palm Oil Production Update
May 2020 Palm Oil Production Update.
About this update from Dekel Agri-vision Plc
[{"type":"text","content":"\n \n \n RNS Number : 4595P\n Dekel Agri-Vision PLC\n 10 June 2020\n \n \n \n \n \n \n \n Dekel Agri-Vision Plc / Index: AIM / Epic: DKL / Sector: Food Producers\n \n \n \n \n \n Dekel Agri-Vision Plc ('Dekel' or the 'Company')\n \n \n \n \n \n May 2020 Palm Oil Production Update,\n \n \n Issue of Equity and Total Voting Rights\n \n \n \n \n \n Dekel Agri-Vision Plc, the West African focused agriculture company, is pleased to provide a monthly production and sales update for its Ayenouan palm oil project in Côte d'Ivoire (the 'Project'). May 2020 has continued the recent trend of stronger crude palm oil ('CPO') sales and higher year on year pricing levels offsetting lower CPO production. In addition, May 2020 is expected to be another profitable month for the Company. A table providing a breakdown of production, sales and pricing levels achieved at Ayenouan during May 2020 is set out below.\n \n \n \n \n \n Ayenouan continues to operate with relatively minimal disruption from COVID-19 however, Dekel continues to adhere to government advice and guidance in order to help ensure the wellbeing of staff and the local communities in which it operates in. As previously announced, the Company is issuing CPO production figures on a monthly basis to provide shareholders with increased visibility on operations and trading during the pandemic and associated market volatility. The Company intends to revert to issuing production updates on a quarterly basis, once the impact of COVID-19 subsides and trading conditions normalise. \n \n \n \n \n \n May 2020 Production\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n May 2020\n \n \n \n \n May 2019\n \n \n \n \n Increase/\n \n \n (decrease)\n \n \n \n \n \n \n FFB processed (tonnes)\n \n \n \n \n 14,121\n \n \n \n \n 23,007\n \n \n \n \n -38.6%\n \n \n \n \n \n \n CPO production (tonnes)\n \n \n \n \n 3,316\n \n \n \n \n 5,316\n \n \n \n \n -37.6%\n \n \n \n \n \n \n CPO sales (tonnes)\n \n \n \n \n 5,309\n \n \n \n \n 4,937\n \n \n \n \n 7.5%\n \n \n \n \n \n \n Average CPO price per tonne \n \n \n \n \n €541\n \n \n \n \n €464\n \n \n \n \n 16.6%\n \n \n \n \n \n \n PKO production (tonnes)\n \n \n \n \n 337\n \n \n \n \n 343\n \n \n \n \n -1.7%\n \n \n \n \n \n \n PKO sales (tonnes)\n \n \n \n \n 106\n \n \n \n \n 30.5\n \n \...